CHINA’S SUNTECH DROPS THIN FILM
Suntech discontinues solar thin-film
9 August 2010 (Renewable Energy Focus)
"Suntech Power is discontinuing the production of amorphous silicon thin-film solar panels.
"Suntech announced the discontinuation of solar thin-film in conjunction with publishing its preliminary second quarter (Q2) results for 2010."
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"The decision was made as crystalline silicon solar cells have seen a ‘rapid cost reduction and improving competitiveness’…[The company] will restructure its Shanghai facility to focus on the manufacturing of crystalline solar cells.
"The restructuring is expected to result in equipment non-cash impairment of US$50-55 million in Q2. Suntech is also facing costs related to [other] investment and prepayments…"
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